Is Ningbo Construction Engineering a state-owned enterprise?

Ningbo Construction Group Corporation. Ltd is a construction engineering company, located in Ningbo City, Zhejiang Province, China. As far as I know, Ningbo Construction Engineering is a state-owned enterprise.

State-owned enterprises refer to enterprises owned or controlled by the government, usually invested and established by national or local governments. In addition to pursuing economic benefits, these enterprises also need to undertake certain social responsibilities and political tasks.

Ningbo Construction Engineering Group Co., Ltd. was established in 195 1, formerly known as Ningbo Construction Engineering Company, and is now a state-owned enterprise supervised by Ningbo SASAC. The company is mainly engaged in construction, infrastructure construction, real estate development and other related businesses, with rich architectural experience and strong technical strength.

As a state-owned enterprise, Ningbo Construction Engineering has played an important role in Ningbo's infrastructure construction and urban development. The company not only actively participated in local construction projects, but also expanded its business in domestic and foreign markets, and achieved good performance and reputation.